Is 60174, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 60174 has remained a Seller's Market.
Housing Prices in 60174, IL
How much do homes in 60174, IL cost?
Median Sold Price
$368,233
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 60174 was $368,233 in March 2024, up 5.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $209.5K | $168.5K | -19.6% |
2 Bedrooms | $276K | $310K | +12.3% |
3 Bedrooms | $315K | $350K | +11.1% |
4 Bedrooms | $507.5K | $494.5K | -2.6% |
5+ Bedrooms | $545K | $750K | +37.6% |
Summary: 60174 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 37.6%.
Housing Supply in 60174, IL
How many homes are available in 60174, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
80 | 95 | +18.8% |
Summary: The 60174 real estate market had 95 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 31 | 37 | +19.4% |
4 Bedrooms | 26 | 30 | +15.4% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 60174 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 29 | +107.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 60174 in March 2024, up by 107.1% month-over-month. Of the 29 sold homes, 41% were sold under asking, 3% were sold at asking, and 55% were sold over asking.
Days on Market for 60174, IL
How long does it take to sell a home in 60174, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 20 Days | -51.5% |
Summary: Homes in 60174 had an average of 20 days on market in Mar 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 60174; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.